Top crypto trader AguilaTrades has opened a massive $200 million Bitcoin long position with 20x leverage. This move follows recent losses and signals a renewed effort to reclaim dominance on Hyperliquid.
Aggressive Bitcoin Position Signals Confidence Despite Setback
According to Lookonchain, AguilaTrades, previously ranked 1 on Bybit with a 36.45% ROI, has opened a new BTC/USDT perpetual position on Hyperliquid. The position is valued at nearly $199.77 million with 20x leverage and a margin usage of 54.75%.
High-Leverage Strategy Comes With Volatile Performance History
AguilaTrades has shown a consistent winning streak over 187 profitable days in the past year, with 41 weekly, 24 bi-weekly, and 15 monthly titles. Frequent ROI spikes exceeding 50% have been noted, but some trades have gone down close to -100%.
Bitcoin Remains the Sole Focus of Trader’s Hyperliquid Strategy
Currently, AguilaTrades has no other open contracts, with all investments allocated towards Bitcoin. No altcoins or diversified hedges are present in his Hyperliquid account, indicating strong conviction in Bitcoin's short-term upside. The liquidation price is set at $99,888.70.
The opening of a $200 million long position in Bitcoin showcases AguilaTrades' confidence in a short-term rise despite recent losses. The success of this strategy will depend on Bitcoin maintaining above the key $105,000 level.
